Farm Credit Foundations selects Voya to serve as new 401(k) and NQDC retirement savings plan provider
July 11 2023 - 8:00AM
Business Wire
Voya Financial, Inc. (NYSE: VOYA), announced today that it has
been selected as the new recordkeeper and service provider for the
Farm Credit Foundations 401(k) Retirement Savings Plan.
With a vision to be a “trusted partner delivering unrivaled
excellence in human resources services,” Farm Credit Foundations is
a collaboration of Farm Credit employers who create centralized
human resources shared services focused on meeting human capital
needs. Their 401(k) plan, which recently transitioned to Voya,
represents roughly $4 billion in retirement plan assets and
services approximately 13,000 participants. In addition to 401(k)
plan recordkeeping support, the new relationship with Farm Credit
Foundations also includes Voya’s Non-Qualified Deferred
Compensation (NQDC) offering.
“Providing the best total-value benefit offerings for our
employers is an important focus for us,” said Suzanne Smith, VP,
Employee Benefits, at Farm Credit Foundations. “Voya’s
technological resources and experience managing government plans,
among other items, were true differentiators in the decision to
select Voya as our new recordkeeper and service provider.”
As part of its commitment to advancing a secure financial future
for all individuals, Voya will provide plan members with access to
its comprehensive educational tools and resources. These include
Voya’s myOrangeMoney® interactive and educational participant
website experience, in-plan advice through managed accounts
services, and access to Voya’s Financial Wellness experience,
providing meaningful tools and resources through an integrated
experience that drives meaningful action.
“We are thrilled to be supporting Farm Credit Foundations and
the employees they serve on their retirement savings journey as
their new service provider,” said Doug Murray, SVP, Wealth
Solutions Distribution and Client Engagement. “At Voya, we pride
ourselves on the support we offer our customers from our plan
services to our innovative solutions. The Farm Credit Foundations’
principle to ‘commit to excellence in everything they do’ directly
aligns with our mission at Voya, and we look forward to providing
the hardworking people that service rural America with the
opportunity for a greater financial future.”
Curcio Webb assisted Farm Credit Foundations with the search
process for a new recordkeeper.
Voya is uniquely positioned in the market to serve retirement
plans of all sizes and across all segments, including large 401(k)
plans. As an industry leader focused on the delivery of workplace
benefits, savings, and investment solutions to and through the
workplace, Voya is committed to delivering on its mission to make a
secure financial future possible for all — one person, one family,
one institution at a time.
About Voya Financial® Voya Financial, Inc. (NYSE: VOYA),
is a leading health, wealth and investment company with 7,200
employees who are focused on achieving Voya’s aspirational vision:
Clearing your path to financial confidence and a more fulfilling
life. Through products, solutions and technologies, Voya helps its
14.7 million individual, workplace and institutional clients become
well planned, well invested and well protected. Benefitfocus, a
Voya company, extends the reach of Voya’s workplace benefits and
savings offerings by providing benefits administration capabilities
to 16.5 million individual subscription employees across employer
and health plan clients. Certified as a “Great Place to Work” by
the Great Place to Work® Institute, Voya is purpose-driven and
committed to conducting business in a way that is economically,
ethically, socially and environmentally responsible. Voya has
earned recognition as: one of the World’s Most Ethical Companies®
by the Ethisphere Institute; a member of the Bloomberg
Gender-Equality Index; and a “Best Place to Work for Disability
Inclusion” on the Disability Equality Index. For more information,
visit voya.com. Follow Voya Financial on Facebook, LinkedIn and
Twitter @Voya.
VOYA-IR VOYA-RET
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230711064856/en/
Media: Laura Maulucci Voya Financial (508) 353-6913
Laura.Maulucci@voya.com
Olivia Valente Voya Financial (203) 528-5284
Olivia.Valente@voya.com
Voya Financial (NYSE:VOYA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Voya Financial (NYSE:VOYA)
Historical Stock Chart
From Jul 2023 to Jul 2024